User Account

All Pages

Prepare a bank reconciliation going from balance per bank

Assignment Help Accounting Basics
Reference no: EM131827675

Problem - Bank Reconciliation and Adjusting Entries) Kipling Company deposits all receipts and makes all payments by check. The following information is available from the cash records.

June 30 Bank Reconciliation

Balance per bank $7,000

Add: Deposits in transit 1,540

Deduct: Outstanding checks (2,000)

Balance per books $6,540

Month of July Results Per Bank Per Books

Balance July 31 $8,650 $9,250

July deposits 4,500 5,810

July checks 4,000 3,100

July note collected (not included in July deposits) 1,500

July bank service charge 15

July NSF check from a customer, returned by the bank 335 (recorded by bank as a charge)

Instructions - Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.

Reference no: EM131827675

Questions Cloud

Advise kirk on which tax form he should select : Kirk is in the 38.6% bracket in 2003, 37.6% in 2004 and 2005, and 35% in 2006 and thereafter. Advise Kirk on which tax form he should select
Discuss the global pattern of longevity : Discuss the global pattern of longevity (life expectancy). Include many of the factors behind the growth in some countries and the decrease in others.
Significance of adult polycystic kidney disease : 1. List two congenital renal malformations and explain the significance of adult polycystic kidney disease.
Describe the most efficient attack against encryption method : Suppose Bob uses the RSA cryptosystem with a very large modulus n. If not, describe the most efficient attack against this encryption method.
Prepare a bank reconciliation going from balance per bank : Instructions - Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance
Calculate the density : Knowing these values, calculate the density. Submit your answer to just 2 decimal places (the hundredths).
What is the shared secret key k : If user A has public key YA = 9, what is A's private key XA? If user B has public key YB = 3, what is the shared secret key K?
Hemi-desmosome cell-extracellular matrix linkages : How would you describe focal adhesion and hemi-desmosome cell-extracellular matrix linkages, and how would you distinguish them from each other experimentally?
Analysis of energy harvesting micro-generator : Project - Analysis and Optimization of Energy Harvesting Micro-Generator - calculate and configure the micro-generator harvesting system

Reviews

Write a Review

Accounting Basics Questions & Answers

  Define distributions to owners and provide examples of

statements of financial accounting concepts set forth financial accounting and reporting objectives and fundamentals

  What is the total amount of the cash dividend

A company's board of directors votes to declare a cash dividend of $1.10 per share of common stock. What is the total amount of the cash dividend?

  Discuss linear programming model by excel solver

linear programming model by Excel solver. Also need sensitivity report

  Company management with recommendation

Company executives have a sub- jective probability of 0.3 that the industry will not grow at all, a probability of 0.5 that it will grow moderately, and a probability of 0.2 that it will show a high rate of growth. The company's estimated profits ..

  Prepare the intangible assests section of munn balance sheet

Prepare a schedule of the expenses for 2016 relating to Munn's intangible asset balances at December 31,2015, and transactions during 2016.

  What are potential sources of financing for future expansion

Review the chapter's opener involving Animoto and its four young entrepreneurial owners.

  What are the weighted avg accumulated expenditures the

construction began on jan 1 and completed dec 31.expenditures werefeb 1 420000may 1 325000 anddec 31 700000.monty

  You are the new controller for engineered solutions the

you are the new controller for engineered solutions. the company treasurer randy patey believes that as a result of

  Problem related to financial statements and casualty report

Kirk's $5,000,000 comprehensive public liability policy contains a $400,000 deductible clause. In Kirk's December 31, 2010 financial statements, for which the auditor's fieldwork was completed in April 2011, how should this casualty be reported?

  Baucom company accepted credit cards in payment for 6850 of

baucom company accepted credit cards in payment for 6850 of merchandise sold during march 2012. the credit card company

  Financial statement and notes of a public company

In the United States, a public company's financial statements must be according to Generally Accepted Accounting Principles (GAAP). These principles are cost, revenue recognition, and matching principles.  Examine the financial statement and notes..

  Benefits of harmonizing accounting standards

Assignment: Accounting Standards, Harmonization and the Pacific Islands. enefits of harmonizing accounting standards

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd